- Fracton Protocol secures the top holder spot in multiple renowned blue-chip NFTs.
- Despite the bearish NFT market, Fracton Protocol’s TVL surged to over $13M.
- Fracton Protocol’s innovative approach is set to play a vital role in driving mass adoption and reshaping the NFT industry.
Fracton Protocol, an NFT infrastructure focused on fractionalization and accessibility, has secured the top holder spot in multiple renowned blue-chip NFT collections, including Doodles, Mfers, Valhalla, Genuine Undead, Renga, Fluf, and ENS 10k club.
This accomplishment comes despite the bearish NFT market that has negatively impacted numerous NFT projects and protocols. By accumulating substantial holdings through fractionalization and CEX integration with one of the biggest crypto exchange, KuCoin, Fracton Protocol solidified its position as a significant player in the rapidly evolving NFT world.
The Fracton Protocol team expressed that this milestone highlights the importance of engaging and incorporating crypto users in the NFT space, as their involvement is crucial for the continued growth and success of the industry.
The Global Head of Community at Fracton Protocol said:
“We are honored to become the top holder of these prestigious NFT collections. It highlights Fracton Protocol’s commitment to supporting valuable digital assets and our influential role in the NFT ecosystem.”
Additionally, the Fracton Protocol’s team lead noted that their involvement brought increased visibility and liquidity to those projects, benefiting the entire NFT community and paving the way for future growth and success.
Interestingly, the project’s rapid growth and impressive achievements included attaining a total value locked (TVL) that surged to over 7,000 ETH, equivalent to over $13 million, in under ten months, attesting to its potential to reshape the NFT landscape.
Notably, Fracton Protocol leads the charge in bridging the gap between the crypto and NFT worlds by simplifying the onboarding process for crypto enthusiasts and newcomers alike, driving mass adoption of NFTs, and ensuring that the market continues to grow and evolve.
Furthermore, Fracton Protocol is committed to creating new opportunities for new users to invest in high-quality NFTs while minimizing the risks associated with rug pulls and other threats.
Ultimately, Fracton Protocol’s success in becoming the top holder in multiple renowned blue-chip NFT collections is a significant milestone that showcases the necessity for wider NFT adoption among the crypto community. As the NFT market continues to evolve and grow, Fracton Protocol’s innovative approach is set to play a vital role in driving mass adoption and reshaping the industry.